Residential Construction Loan Calculator
Construction Loan
Repayment
Enter your construction loan details
Land Advance:
Build Contract Sum inc GST:
Loan Amount Required:
Interest Rate:
Builder Deposit:
Construction Timeframe:
Enter construction stage and timeframe details
Land Advance
Base Stage
Frame Stage
Lockup Stage
Fixing Stage
Completion
Draw Percentage
Number of Days
Draw Amount
Current Interest
Cumulative Interest
View your construction loan results
Loan Amount
Interest
Total Payments
Loan Balance After Completion
Loan Amount:
Interest Rate:
Loan Term:
Repayment Frequency:
Monthly
Fortnightly
Weekly
Loan Repayment After Completion
Amortisation Table
Enter email address to send:
This calculator helps you work out what your regular repayments will be based on your loan amount. Repayments frequency can be changed to monthly, fortnightly or weekly. Calculate both Principal and Interest repayments as well as Interest Only repayments for a loan term. You can also see how the loan will diminish over time on the amortisation table.
Assumptions
It does not take into account any possible fees i.e. up-front fees or ongoing fees.
Interest rate does not change over the loan term.
Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.
Financial Calculators © VisionAbacus Pty Ltd